The advent of no earthquakes lends itself to a multitude of high rises that have flooded the market in the past, say, 10 years...among another host of properties for sale in the interior of the country.

In addition, a rental kept for any length of time is going to need to be rehabbed before it can be sold (tenants are very hard on rentals).Keep in mind that after a typical real estate boom-bust cycle, it takes 8-10 years for prices to once again reach their previous inflation adjusted highs.

The monthly numbers (good sticky on the main page) are going to indicate how things are going, but is there anything in particular that should be paid attention to that may be inflated?

That became my big cash cow, from '78 to '01, when I did a 1031 exchange for 3 places in the Highland Lakes region of Texas.A couple of moves later I had two rentals in Houston that (barely) cash flowed, but we had red hot housing inflation.

Rise,Doesn't sound like your overdoing from a neighborhood comp perspective.

You do need to watch your investments, but there are a number of reasons the rise in interest rates is good for the investor.

Well, according to old editorials I found in a newspaper that's in the same county this little association is in - the association fee keeps on rising.

In our market, vacancy rates have been low for the past 15 years that I've lived here and the housing stock hasn't increased that much except a few luxury high-rise projects.

You need to look at the last five years of rent and see by what percentage rents have been rising each year.

If you look at the long term Case Shiller data, appreciation roughly matches inflation.